#OrderTypes101

"Order type 101" in crypto refers to the basic types of orders used in cryptocurrency trading. Here's a breakdown .

- *Market Order*: An order to buy or sell a cryptocurrency immediately at the current market price. It's executed instantly at the best available price.

- *Stop-Loss Order*: An order to limit losses by selling a cryptocurrency when it reaches a certain price. For example, if you bought Bitcoin at $5,000, you can set a stop-loss order at $4,500 to automatically sell it if the price drops to that level.

- *Stop-Limit Order*: Similar to a stop-loss order, but it allows you to set a specific price limit for the sale. Your order will only be fulfilled at the best available price.

- *Limit Order*: An order to buy or sell a cryptocurrency at a predetermined price. It will only be executed when the market price matches your specified price.

These order types help traders manage risk, automate trading strategies, and take advantage of market opportunities.